Housing in Madison, IL is significantly more affordable than the national average. The median house value is $50,600 compared to the US median of $338,100. Although the one year house appreciation rate in Madison is slightly lower than the national average at 7.96%, it still provides a good opportunity for potential homeowners looking for a bargain. Those looking to live in Madison will benefit from its reasonably priced housing market, which offers an excellent quality of life and many amenities to enjoy.
The median home cost in Madison is $50,600. Home appreciation the last 10 years has been 42.8%. Home Appreciation in Madison is up 10.0%.
Average Age of Homes
- The median age of Madison real estate is 68 years old
The Rental Market in Madison
- Renters make up 38.0% of the Madison population
- 3.2% of houses and apartments in Madison, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.